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Tag Archives: Open Banking

Four key trends for alternative lending in 2018

Gabriella Kindert, head of Alternative Credit at NN Investment Partners, explores four key trends that are likely to impact the alternative lending landscape in 2018: Intensifying competition and open network collaboration — as banks are opening up their data to third-party developers, niche players will begin to be able to …

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Japanese banks rushing to develop cashless options

A new law has been introduced in Japan to reduce the high usage of cash in the country. The law, which is being gradually phased in over the next two years, could spur increased financial sector competition from FinTech giants such as Ant Financial and Apple Inc. as well as …

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Amazon plans to launch its own banking service

Amazon, the world’s largest online retailer, has created special accounts as part of a new banking service. This new service, however, does not imply that Amazon intends to launch its own full-fledged bank; rather, the new service will allow users to pay for online purchases and replenish their accounts without …

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China UnionPay and banks create unified payment app

China UnionPay has teamed up with more than 30 local commercial banks and payment institutions to launch a unified app for the country’s banking industry. The Mobile QuickPass app is a unified mobile payment portal jointly developed and maintained by China UnionPay and Chinese banks. It allows customers to link …

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Singaporean mobile wallet providers form payment consortium

In Singapore, seven mobile wallet providers have formed a payment consortium as part of an effort to promote electronic payments in Singapore and with the aim of supporting interoperability among 2 million customers and 50,000 merchants in Singapore by the end of the second quarter of 2018. The consortium will …

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Infographic: the top 10 trends in payments for 2018

The universe of banking and payments is ever evolving, and 2017 saw a number of significant changes within the payment industry. Here are the top 10 key trends likely to shape the payment industry in 2018. Video: 2020 payment trends How digital is your bank? Take a short test! TBC …

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Open APIs changing the future of payments

The development of the open application programming interface (API) concept means major changes in the payment industry, with most banking customers now being interested in increasing the speed, simplicity and ease of handling payments, cash and financial products at the level of modern consumer applications and devices. For them, it …

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RegTech requires a more collaborative effort

Chris O’Driscoll, head of disruptive change at PA Consulting Group, believes that it is important for RegTech that there is a collaborative system between banks, insurers, asset managers, regulators, tech firms, consultants, accelerators and academics. Although this is starting to happen, O’Driscoll says that more can be done to foster …

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Video: banking on digital innovation — APIs

Imagine expanding your business and monetizing your bank’s data; imagine bringing services together and delighting your customers. APIs can connect your bank to a whole ecosystem of business. With a little innovative thinking and exploration, your bank can capitalize on APIs in the new digital economy. Infographic: one year of …

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Infographic: what is open banking?

Open banking provides reliable financial advice that is tailored to each customer’s particular circumstances and that is delivered securely and confidentially. Click here to find out more about open banking. Ameriabank launches a new payment application called Drops Infographic: the impact of investing in HR Video: digitizing the customer journey …

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Infographic: how APIs make or break success in digital world

SmartBear Software recently released the results of a global API survey, which included responses from more than 2,300 software professionals in over 50 industries and from 104 countries. The report revealed some important findings about the growth, opportunities, challenges and processes for the API industry. Find out the key takeaways …

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Video: open APIs – the future of banking and finance

In the world of finance, open APIs represent a possible technological revolution. This Swiss Fintech Innovations video shows how open APIs work and gives a taste of what the future of banking and finance in Switzerland might look like. Poland’s Alior Bank adopts ‘Digital Disruptor’ strategy through 2020 Singaporean mobile …

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FinNext 2018 conference to be held in Moscow on February 15th

FinNext 2018 will be held on February 15, 2018 at the Digital October conference center in Moscow. The event will bring together more than 600 participants and will feature 50 speakers. This year, the focus of the forum will be on: Banks as engines of fintech innovations Artificial intelligence and …

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Survey finds fintech firms moving from bank foe to bank friend

For the tenth consecutive year, Temenos has conducted a comprehensive banking survey, covering areas such as the industry’s corporate and IT priorities, business challenges, competitive trends and progress to becoming more digital. The results from this year’s survey have found that banks are increasingly viewing fintech companies not as competitors …

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Open banking changing the landscape of the financial services industry

Open banking is becoming a trend in markets worldwide as it enables for quicker, more efficient use of customer data to create customer-centric experiences and meet the increasing demands for world-class customer service. Larger, traditional banks are quickly lagging behind in this regard as they are often shackled by legacy …

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GPB Digital Fund creates bank designer

GPB Digital Fund, daughter organization of Gazprombank, has created API Bank, a banking services designer that will enable users to create banks under their own brand without needing to obtain a separate license from the Central Bank. API Bank clients will be able to offer, among other banking services: the …

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Integrated banking ecosystems are the future

The future of banking is one that creates an ecosystem of interconnected services and allows customers to simplify their daily lives by fulfilling a variety of needs in a single, integrated space. The combination of advanced data analytics, open banking APIs and conversational artificial intelligence can create a differentiated experience …

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Citi opens API for Russian financial companies

Citi has opened an API portal for Russian financial companies that will enable users to create applications and integrate service solutions for retail customers. The Citi developer hub site has published technical information about APIs that are available for the Russian market. Among them are APIs for working with authorization, …

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Banks must embrace fintech to survive

Speaking at a fintech conference in Tel Aviv, Tamar Yassur, head of digital banking at Bank Leumi (Israel’s second largest bank), stated that banks must become active in the world of financial technology if they are to survive. No longer are banks competing against other financial institutions for consumers’ attention, …

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